Options update 12-17-07: AMBAC and MBIA up as Moody's affirms AAA-rating

Posted Dec 17th 2007 10:00AM by Paul Foster
Filed under: Major Movement, Options

Moody's affirmed ABK's triple-A rating. FBRC raised its rating on ABK to Outperform. ABK, a provider of financial insurance-guarantee products, was trading at $28.27 in early trading, above its close of $22.81 Friday. ABK January option implied volatility of 130 is above its 26-week average of 67 according to Track Data, suggesting larger risk.

MBIA (NYSE: MBI) -

Moody's affirmed MBI's triple-A rating. MBI was trading at $29.10 in early trading, above its close of $27.60. MBI January option implied volatility of 119 is above its 26-week average of 65 according to Track Data, suggesting larger price fluctuations.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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